Gas storage

ICE to Open London Gas Hub, Creating Route Around EU Price Cap

The Intercontinental Exchange plans to launch a "parallel market" in London for Title Transfer Facility gas trading next month, it said on Friday, providing a way for market participants to avoid the European Union's gas price cap.

Supply Chain Woes Loom Large for Oil, Gas Sectors

(P&GJ) — In the fall of 2022, the Chicago-based Association for Supply Chain Management (ASCM) joined with the respected global accounting and consulting firm KPMG International to create an index for measuring the sustainability of the global supply chain, accompanied by a report that included some sobering conclusions. It summarized the past two years as producing a doubling of the stress level on global supply deliveries.

Global Pipeline Construction Outlook 2023

(P&GJ) — Seldom has a new year arrived with the degree of supply and demand uncertainty facing global energy markets at the start of 2023. Pipeline & Gas Journal's annual survey of global construction activity reflects a renewed emphasis on energy security after Russia's invasion of Ukraine.

Bulgaria Signs 13-Year Gas Deal with Turkey

Under the new 13-year agreement, Bulgargaz would be able to use Turkey's LNG terminals for cargo shipments, which would be transported via Botas's gas network to Bulgaria.

Williams to Acquire 2,000 Miles of Gas Pipeline from Southwest Gas for $1.5 Billion

MountainWest comprises roughly 2,000 miles of interstate natural gas pipeline systems primarily located across Utah, Wyoming and Colorado, totaling approximately 8 Bcf/d of transmission capacity.

Netherlands to Spend Up To $548 Million to Fill Gas Storage for Next Winter

The Dutch government expects to spend up to $548.4 million to sufficiently fill the gas storage at Bergermeer, one of Europe's largest, in the winter of 2023-2024.

Stakeholder Midstream to Double Gas Capacity in Permian with Second Processing Train

(P&GJ) — Stakeholder Midstream LLC said on Oct. 26 that it reached a final investment decision on the installation of a second treating and processing train at its Campo Viejo facility. The installation of Train II will double the current inlet gas capacity from approximately 80 MMcf/d to approximately 160 MMcf/d.

Gulf Coast Midstream Launches Open Season for Natural Gas Storage Services at Freeport Hub

(P&GJ) — The Freeport Energy Storage & Sequestration Hub is strategically located for providing high deliverability, multiple inventory cycle gas storage services to the Texas Gulf Coast intrastate market, with potential connectivity to as many as 11 intrastate pipeline segments.

Putin Moots Major Gas Hub in Turkey with Nord Stream Supplies

President Vladimir Putin said on Wednesday that Russia could redirect supplies intended for the damaged Nord Stream pipelines to the Black Sea to create a European gas hub in Turkey, or even use the one intact part of Nord Stream 2 to supply the EU.

Central African Nations Enter Deal to Construct Over 4,000 Miles of Pipeline

Central African countries signed a deal on Thursday to create a regional oil and gas pipeline network and hub infrastructures with the intent to construct three multinational oil and gas pipeline systems of around 6,500 km (4,000 miles) as well as LNG terminals and at least three refineries.

India's GAIL Rationing Gas as Former Gazprom Unit Cuts Supplies

India's largest gas distributor GAIL (India) Ltd. has started gas rationing, cutting supplies to fertilizer and industrial clients after imports were hit under its deal with a former unit of Russian energy giant Gazprom, two sources familiar with the matter said.

Italy's Eni Expects to Replace Russian Gas by 2025

Italian energy group Eni believes it will be able to completely replace Russian gas imports by 2025 as uncertainty over Moscow's energy supplies to Europe forces countries to seek alternative sources.

US Natural Gas Futures Hold Steady Ahead of Storage Report

U.S. natural gas futures held steady on Thursday as the market waits for direction from a federal report expected to show a smaller than usual storage build last week as power generators burned lots of gas to keep air conditioners humming.

Czech Gas Storage Reaches 80% of Capacity Ahead of Winter Season

The Czech Republic's gas stores are 80% full, Prime Minister Petr Fiala said on Monday, as the country and other European Union member states continue to boost storage to protect against risks of a halt to Russian supplies.

Greece Looking to Secure Deal with Italy for Gas Storage

Greece has been in talks with Italy to see whether it can store gas in the neighboring country as part of efforts to secure supplies if Russian flows are disrupted, Greece's energy regulator said on Monday.

Cheniere Gets OK to Place Sabine LNG Tank Back in Service

U.S. LNG company Cheniere Energy Inc. received permission from federal regulators on Wednesday to return one of two shut storage tanks to service at its Sabine Pass LNG export plant in Louisiana following a leak in 2018.

Germany Ramps Up Capacity for LNG Imports to Replace Russian Gas

Germany took steps to ramp up LNG imports on Thursday as it moves away from piped Russian supply, renting four floating storage and regasification units and choosing the North Sea port of Wilhelmshaven as the first handling hub.

Cheniere Launches Program to Monitor GHG Emissions on Natural Gas Systems

Cheniere Energy Inc. has entered a collaboration with natural gas midstream companies to implement quantification and monitoring of GHG emissions on natural gas gathering, processing, and storage systems.

Greek Recoverable Gas Reserves Seen Topping 600 Bcm, Commission Says

Greece could be sitting on tentative recoverable gas reserves of more than 600 billion cubic meters, as Athens accelerates gas exploration to cut its reliance on Russian energy.

ASCO Awarded Logistics Contracts at Waitsia Field

Logistics management company ASCO has been awarded two, five-year contracts with Mitsui E&P Australia for storage and camp management at the company’s Stage 2 Development campaign at the Waitsia gas field project.

Neptune Energy Aims to Store More Carbon than it Emits by 2030

Neptune Energy announced its aim to go beyond net zero and store more carbon than is emitted from its operations and the use of its sold products by 2030.

Europe Facing Record Low Gas Storage by Winter's End

Europe's gas storage levels could hit record lows by the end of the winter heating season due to an early cold spell and muted Russian flows, data showed.

From Abandoned Fields to Salt Caves, Gazprom's Gas Storage is Almost Full

Russia, whose gas production and exports to European Union are already near record highs, said last week it needed to finish filling its own gas storage reserves before it could increase supplies to Europe's spot market.

Soaring Gas Prices Ripple Through Heavy Industry, Supply Chains

Global record high natural gas prices are pushing some energy-intensive companies to curtail production in a trend that is adding to disruptions to global supply chains in some sectors such as food and could result in higher costs being passed on to their customers.

Russia's Gazprom Says Europe Gas Prices Could Set New Records

Already high natural gas prices in Europe could scale new heights due to low gas storage levels, Alexei Miller, boss of Russian supplier Gazprom, said on Friday.

Norway Offers Two New Offshore Areas for CO2 Storage

Norway is offering two new offshore areas for companies interested in developing carbon dioxide storage, the oil and energy ministry said on Friday.

U.S. NatGas Firms on Supply Woes as Focus Turns to Storage Report

U.S. natural gas futures were near their highest in about three years on Thursday, buoyed by overall projections for lower supply as investors prepared for a federal report expected to show a smaller-than-normal storage build.

U.S. NatGas Soars Over 7% to 32-Month High on Small Storage Build, Hot Weather

U.S. natural gas futures soared over 7% to a 32-month high on a much smaller than expected storage build during hot weather last week.

Navigator CO2 Announces Service Provider Additions to Heartland Greenway Pipeline System

Navigator CO2 Ventures announced it has entered into contracts with three industry-leading companies to utilize their respective expertise in advancing the execution of the Heartland Greenway CO2 Pipeline Transportation and Sequestration System.

European Commission Approves French Support for Natural Gas Storage

France's system of financial support for natural gas storage, set up in 2017 to shore up the country's energy supplies, complies with European Union state aid rules, the European Commission said.

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